$99,900
Preston, MN 55965
MLS# 6565062
2 baths
1 / 42
Property Description
TURNKEY INVESTMENT OPPORTUNITY! Updated commercial building located on the corner across from the county courthouse. Currently operating as a professional office building for two separate businesses through the year 2024. Main floor is handicap accessible and features a lobby area, nine offices, break room and two separate bathrooms. Full walkout basement is used for storage and mechanicals. Owner pays for natural gas, taxes and insurance. Opportunity Awaits!
Details
Maps
Contract Information
Digitally Altered Photos: No
Status: Active
Current Price: $99,900
Contingency: None
ListPrice: 99900
List Date: 2024-07-08
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: SEMR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Year Built: 1875
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Baths Total: 2
Foundation Size: 2348
For Sale or Lease: For Sale
Acres: 0.08
Lot Dimensions: 40x94
Location, Tax and Other Information
Legal Description: West 40' of Lot 6, Block 8, Except the South 26.5', ORIGINAL PLAT OF PRESTON.
Listing City: Preston
Map Page: 999
Municipality: Preston
School District Phone: 507-765-3843
House Number: 100
Street Name: Main
Street Suffix: Street
Street Direction Suffix: SE
Postal City: Preston
County: Fillmore
State: MN
Zip Code: 55965
Zip Plus 4: 1321
Property ID Number: 170203000
Complex/Dev/Subdivision: Preston Original
Tax Year: 2024
Tax Amount: 1840
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: TURNKEY INVESTMENT OPPORTUNITY! Updated commercial building located on the corner across from the county courthouse. Currently operating as a professional office building for two separate businesses through the year 2024. Main floor is handicap accessible and features a lobby area, nine offices, break room and two separate bathrooms. Full walkout basement is used for storage and mechanicals. Owner pays for natural gas, taxes and insurance. Opportunity Awaits!
Directions: Hwy 52; South on St. Paul Street NW (CR 17); Continue on St. Paul Street NW to Main Street; East on Main Street. Building sits on the corner of St. Paul Street & Main Street SE (diagonal from Courthouse).
Assessments
Tax With Assessments: 1840
Building Information
Building Finished SqFt: 2348
Building SqFt: 4696
Ceiling Height: 8-10
Income and Expenses
Annual Gross Income: 18600
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: SEMR
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 10
Section#: 6
Township#: 102
Sale Options
Sale Includes: Building
Unit 1
Unit Number: 1
Monthly Rent: 1550
Half Baths: 2
Total Bathrooms: 2
Total Rooms: 9
Level: Main Level
Leased?: Yes
Lease Expiration Date: 2024-12-31
Unit Details
Total Units: 1
Property Features
Accessible: Wheelchair Ramp
Air Conditioning: Central
Amenities Shared: Other
Amenities Unit: Multiple Phone Lines
Appliances: Air-To-Air Exchanger; Electric Water Heater; Refrigerator
Basement: Concrete Block; Full; Stone; Unfinished; Walkout
CMU Style: Business Opportunity; Office
Construction Materials: Block; Frame; Stone
Construction Status: Previously Owned
Current Use: Business Service; Commercial; Office; Professional Service
Exterior: Brick/Stone; Vinyl
Flooring: Carpet
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Conventional
Location Description: Downtown
Lock Box Type: Supra
Lot Description: Corner Lot
No. of Ranges: None
No. of Refrigerators: One
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Owner Pays: Fuel; Insurance; Lawn; Lawn; Snow Removal; Taxes
Parking Characteristics: None
Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Street Lights
Road Responsibility: Public Maintained Road
Roof: Asphalt Shingles; Pitched
Sewer: City Sewer/Connected
Shared Rooms: Community Room
Stories: One
Tenant Pays: Electricity; Trash Collection; Water
Wall Description: Finished
Water: City Water/Connected
Listing Office: Elcor Realty of Rochester Inc.
Last Updated: August - 31 - 2024
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.